Looks like the brits have voted to remain. The Supreme Court issued a couple of decisions, one of which president obama took a hit on his immigration plan. Todays decision is frustrating to those who want to grow our economy and bring rationale to our immigration system. Its heartbreak for the millions of immigrants who made their lives here. Charles the court blocked president obamas mission to make millions of people legal. One of the people at the head of this case was the Texas Attorney general. Congratulations first and foremost. It was a great day for texas and the 26 states that filed this lawsuit. Charles it was a victory for 50 states in that thing we call the constitution. Resume of law, finally, rules. Were you surprised at the 44 decision or any other aspects of what happened today . We would like an 80 decision. But you know its true. We wanted the fifth circuit. So as you just mentioned, the rule of law, the constitution was what this case was about. It wasnt about just immigration, it was about separation of powers, it was about the president being under the Constitutional Authority of not making law, but following the law and implementing the law. Charles president obama has issues 444 executive orders. He hinted ther there will be moe executive orders on Climate Change as part of his administration. Apparently the overarching message of separation of powers, congress and the president working together falling on deaf ears to a degree. Texas has 11 lawsuits since i came into office a year and a half ago against the federal government for this reason. We are suing because the president does not have the authority to make these actions and we cant let them do this because then future president s will follow in this line and our elected representatives wont have a say what the law is. Charles perhaps 80 was farfetched. But if Aniston Scalia was in anton scalia was on the bench it would have been 54. We miss scalia, one of the greatest jurists of all times and we think he would have voted with us. That swing vote will determine whether well continue to follow the constitution or whether this becomes an interpretation where the president gets more and more authority to do what he or she wants. It could be donald trump, Hillary Clinton or any president in the future deciding they want to change the law. If we dont stop it it opens up to huge issues in the future. Charles yesterday we had a federal Appeals Court strike down an effort by president obama to go around congress. Do you sense the tide has shift and we could have more faithr e more faith now in this branch of government . This was one of the biggest decisions i can remember. Because its so fundamentally deals with the freements of our constitution. Our founders didnt trust government. They set up separation of powers and granted authority to three branches. They did that because of the distrust. The fact that the Supreme Court came back with this spree stored confidence the constitution really does matter. Charles we really appreciate all the work you have done. For more reaction, kathy taylor, rob todd and kelly riddell. I think the American Public was losing faith in the Supreme Court particularly after the obamacare decision. There is a separation of powers. The u. S. Constitution makes that clear. The legislative branch writes laws and the executive branch can sign them, but the executive branch cannot write laws. But we have to be wary. Immigration is going to be an issue, a hot button issue going into november. And Hillary Clinton pledged she would go beyond obamas executive actions in regard to amnesty and push further. You had him pouting today and saying he was disappointed, but there would be no deportation of the 11 million in the shadows that this law affected. This is a hot button issue for the American Public and they need to vote that way come november. There is a Supreme Court justice at stake. Charles i get the notion that president obama is viewed as an imperialistic president with no regard for the constitution. You are a gop strategist. I think a lot of people think congress made it easy for him to do this. Where has the gop representatives been even before the november election, the midterm election. Where have they been with respect to standing their ground and pushing back so this president doesnt have a Carte Blanche or blank check. There is more work to be done but its not as easy as wee think. There were points in the last couple years. Its a process. Whats so interesting. Obama said we need to decide if we are a nation that does x. We need to decide if we are a nation that does y. Leadership starts at the top. Executive actions are usually used by president s to expand or enforce or extend laws, not make them. Its the president ial version of bullying. This was a great day for showing that cant be the case. Charles rob, your assessment of this. Maybe the issue of immigration, illegal immigration, when it comes to rule of law, this is pretty cut and dry. It isnt cut and dry. Whats frustrating for obama and whats frustrating for me. Hes pushing this rock up the hill and its coming back and rolling over him again. Charles what is the rock . A coalescence and amalgamation of a lot of things. If obstructionism was an olympic sport they would have gold medals. We are going to build a wall and deport people . There hasnt been consensus. President obama was give none alternative and he had to do what he did. Charles its amazing to me that the president can say im frustrated, congress isnt playing the way i want to play and i will rewrite the rules that established the country. The senators that were elected to office were elected by the people. This is a referendum on president obama. You saw that in the 2014 elections when the house won by overwhelming majorities. Why dont they take that mandate from the American People and put some up if into their job d and put some umph into their job. They won overwhelmingly and they did nothing with it. I dont blame president obama for pushing these guys around, they never fought back. I think thats why you see the rise of donald trump because there are a lot of republicans, a lot of conservatives that voted these guys into power and they are frustrated nothing happened. Charles there were other decisions, including affirmative action stop college campuses. You may get those safe spaces after all. We have the details next. You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. This just got interesting. Why pause to take a pill . Or stop to find a bathroom . 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Only from xfinity. By switching to xfinity x1. Rio Olympic Games show me gymnastics. X1 lets you search by sport, watch nbcs highlights and catch every live event on your tv with nbc sports live extra. Im getting ready. Are you . X1 will change the way you experience nbcuniversals coverage of the rio Olympic Games. Call or go online today to switch to x1. Charles there were other decisions at the Supreme Court, including a landmark decision that upholds diversity by considering race while selecting studentsn at university. The scathing dissent said it favors diversity for quality. Lisa, let me go to you first. President obama of course he didnt have anything negative to say about this particular ruling. He said it was all part of fairness and it gives everyone quote, an equal shot. But in he sense its not equal. In he sens essence its not. Both this and the immigration case show us how tight these decisions were. This is a 43 decision. The immigration decision was a 44 decision. This puts the Supreme Court in front of voters which it has already been. So people will be paying closer attention to the Supreme Court and who that nominee is going to be and it will be a galvanizing effect for democrats and republicans. Charles different universities have an array of things to use in deciding who to admit, including preference for people whose brothers and parents and siblings have gone to the university. Doesnt this come down to reverse discrimination . If the end result is someone who is academically prepared doesnt get a shot . I think that happens. Student who are better prepared dont get a shot, and some students who are not well prepared come to us. You dont do them a service when you admit them. Because if a student is at the wrong level. If he should be at a State College and you admit him to a top level university, he has difficulty keeping up with his fellow students. You dont do anybody a favor if they are a c student and you put them in an a university. Charles president obama saying his idea is we wont be a nation that guarantees outcome, but he wants to make sure everyone gets in the game. How do you view it . Do you think universities should overlook academic shortfalls if race is taken into account. I think hes wrong about what he said and here is why. When it comes to admitting someone when they are not fully prepared. Thats problematic for the entire student population. When it comes to diversity being a factor thats included. It makes sense only in the sense that if the institution wished to have a more diverse population, you see in some cases, there is a number of white student and barely any black student. Sometimes the fact they are bringing in a direct drersity requirement. Charles ultimately if this calendar is about Higher Learning and people work hard to get admitted, the person that ends up not getting in because its someone who has probably maybe worth less has shorter on the academic side. Is it unfair to that person and the university, is it unfair to the country that we are not graduating the absolute smartest people no matter what their racial is . You have to have a high academic standard. When it comes to considering race as a factor, they have to consider test scores and grades. You shouldnt give anyone a slack hand because they are a certain color. Charles i think this will feed the overall narrative that we are seeing on college campuses, and i think it could ultimately go beyond academics and take us further to this soft, dont touch me safe space, social justice as opposed to Academic Excellence which is what college use odd to be about. The microspaces is already starting to have a backlash. We are seeing liberals like bloomberg speak out against it. I would have more confidence in university and see some correction take place. Especially since we get mr. Obama out of the white house. His staff has been pushing universities to put in place judicious processes that have highly questionable. The Harvard Law School faculty is taking issue with the department of education requirements. Real issue. Charles coming up, donald trump, Hillary Clinton locked into a war of words or who would be the best president for the economy. Investors say its donald trump. Well weigh in with a bunch of experts. Im cvpayne. We are right back. If she is elected president , shell adopt the Transpacific Partnership and well lose millions of jobs in our economic independence for good. Stand up to countries who cheat on trade which there are many. Well cancel rules and regulations that send jobs overseas. Well lift restrictions on energy production. Charles that was donald trump criticizing Hillary Clinton and touting his intentions to revive the economy. This as voters have confidence their portfolios will improve under donald trump. Joining me now to discuss, cathy taylor, rob todd. Hillary spoke yesterday. She had a few thing that were interesting. She talked about Companies Moving offshore, punishing them. She talked about infrastructure building. And she talked about trade to a certain degree. I know these are hot button issues. But who do you think will be better for our economy and portfolio . This is a duh question for me, its obviously donald trump. From 2008 to 2012 over 600,000 businesses failed to materialize in this country which would have brought about 6 million jobs to the u. S. Charles when you say failed to materialize. They didnt start them . Right. Regulations are the biggest hurdle for Small Businesses right now. If regulations were where they were in 1949, gdp would have increased by 38 trillion at this point. Thats why we cant stand 8 more the years of obama policies. Charles listening to Hillary Clinton and her ultimate wish list, i think susan is right. Well probably get more regulations and more fees rather than less. I know the last type we had a president clinton in the white house, the country thrived. We had a balanced budget. I think thats going to happen, too. I dont even have confidence in donald trump as dog catcher. I dont see it being viable and possible. I wrote a column about his supposed store thats in the basement. Its a kiosk. Hillary has to put her husband in charge of the economy. Hillary clinton during her senate years of 140 bills she brought to bear, fewer than 5 had to do with housing or financial reform. She is a lot of rhetoric, little action. She talks about penalizing helping fund and private equity guys, but she never did anything about it. She talks about making housing more affordable, and she has never done anything about it. She talks about her husband who she want to put in charge, he inherited great economic structure from bush 41. He expand welfare. He does little on trade. Charles the clinton came along on what was called the third or fourth industrial revolution. But others will say he put in place the pieces for the housing bubble. This wont be a bill clinton economy. Hillary clinton is trying to find ways to distance herself from president obama. You cant even justify what happened with the economy other than the fact that president obama never cared about the economy as much as he cared about being a social Justice Warrior and doing whatever it took to bring the top down and bring the bottom up. The bottom up of course is what hillary wants to do, too, through the same mechanism. She said you get higher wages which means more demand which means higher wages. I get that. But her idea begins with the government forcing wage demands on businesses including overtime pay and things like that. Thats an artificial move, rob, you know this, its not free market and it will not result in a virtuous cycle. I think she is doing a bit of appeasement to the Bernie Sanders millennials to get their votes. I think shell be more of a centrist. Trump is good at attacking her, but i see no policy coming from him whatsoever. There was a round table hearing in washington, d. C. With the department of labor where Small Business owners came in and sat down with the department of labor to talk about this increase in overtime regulation. That will impact so many Small Businesses. Jobs will be cut. Lot of Small Businesses, one gentleman pointed out, i couldnt have started my company if this had been in place. Charles founders of home depot say the same thing. We have to wrap this up. The vote wrapping up across the pond. Now the world is on pins and needles. Will the british people decide to stay or go. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. 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Charles the polls are closed in the uk, well know soon if they will stay or leave. Charlie gasparino is live in london with the latest. Were hearing the same stuff, were talking with lead people as well. Told us, this battle is not over. If we should lose, well keep the feet to the fire. For the remain folks. They will prod david com cameron to do what he promised to do. Reform in the eu in terms of immigration and stuff they believe hurts the sovereignty of the british people. Well know where this comes out. This battle probably is not over for a number of years. David cameron, it is unclear if he will survive this. Remember he sided up with a lot of people in labor. A lot of people on conservative side believed that uk sovereign see is being hijacked by the eu. This debate is not going away right here. I think you might see a selloff in u. S. Market to take some profits off the table. People are reacting to real stuff. But if for some reason, breakist win brexit wins, tomorrow would be a turbulence day, but based on what were hearing, that not the case. Charles everyone heard doom and bloom from both sides of the debate. It is up to the people o even gland. Of england. This as late money poured in yesterday. But lack brooks pointed out, remain heavy hitters, 376 pounds per average on those pets versus 72 pounds on leave. Uk pound that has been saying it all, probably uk sterling, it has been rocketing higher and higher, coming off lows it was flirting with collapse a week ago today, now breaking key resistance points, could rally up maybe not sure they want to go that high. Joining me now. Let me start with you. Ern has been concerned about the Economic Impact here in america. Tough to get a handle on it. Has there been too much fear mongering. Are the worlds economies so on the edge of collapse this sort of vote can tilt them over . I think some of the most telling comments were made by italian finance minister, he said that the genie is out of the bottle, fault like has been exposed. Anger is palpable, we know it is global. Im going to what Charlie Gasparino said, that is this is just the beginning. I doubt that this is the end, i doubt there is any resolution. I think that higher volatility will be with us, the economic expansion has been as weak as it has been, and it is as old as it is, i am going with continued volatile, and more economic weakness ahead. Charles on other side, from the political aspect, citizen u. S. , u. S. And europe have been pushing back. It would be a mistake for politicians not are recognize if this comes down to the wire, he ekes out a win that people are upset, something must be done. Absolutely. Whatever the outcome of the vote today is going to be. The problem that lead to referendum. Are not going away, they remain and keep on causing problem in the united kingdom, and all other countries in the eu. Charles christian, we talked about the security aspects, you fell confident that nato up to task and will not be impacted either way. But a lot of people dont, thinking that as europe drifts apart, lay lets say leave wins overnight, then other country say, me too. Things would get dicier in the region. It may, but more nationalism may rallies countries to stand up and defend themselves a little bit better. Stop free riding off of us for their National Security tha that that would impede putin. I think that opposite will happen. You have a continuation of britains 100 year trend of the decline. Also you know problem is that everyone is hoping that, this will send a message to brussels, to straighten up and fly right, the near deathicker deaths experience of the eu almost coming apartment the problem of this blocker will get worse and worse we should look elsewhere for growth and security. Charles peter, is that the irony of it all, maybe voters will be okay with status quo, but Financial Markets may not be. It will not help trajectory of uk or europe in general. I think this may help the u. K. If the vote is close, the experience of other federations faced with votes like this, for example quebec, and canada has been fundamental constitutional reforms followed. I suspect if the vote is close, the brits will continue their cause of trying to distance themselves from some of the worst micromanagement in europe, and over next 5 to 10 years, will over take the german economy, and become the dominant force on the continent. Remember, britain and france are only two country on continent that can protect power abroad, my feeling is this will push british governments into the direction of adhering to sensibilities of the british people, that is is good for the continent of europe is not always good for britain. Charles great stuff, tonight our special coverage of the british exit vote, beginning with lou dobbs, follow by tritch trish regan and stewart varney. Tonight 7 p. M. Right here on fox business. Coming up talking about crony capitalism, trade sanctions with iran have been lifted, boeing with its 25 bil billion deal. You thought you hated this stuff before, wait until you hear the story next. Charles boeing signing a multibillion dollar deal to supply iran with airplanes, were looking at crony capitalism like never before. Charles boeing is Worlds Largest airplane maker and biggest exporter of products, so we them to do well, they made an agreement to sell jetliners to iran, largest state sponsor of terrorism in the world, it bothers a lot of people, it going to be a big deal. But 25 billion dollars is worse than your typical crony capitalism deal. We will discuss it now, kelly. Thomas picturing, is a respected diplomat. Taking money from boeing while abkating for these kind of deals, this is what the double dealing that people are frustrated with. He never disclosed his association with boeing or on boeings payroll, he has testified on behalf of congress for the deal, and he wrote opeds in washash post, he wrote letters to other diplomats trying to persuade this deal to did through. It is crony capitalism, if you look back, in july, Bloomberg News had a report talking about how the iranian fleet was delapitated. That this could mean if sanctions were lifted a big boone for airbus or boeing. So if you dont think this was baked in the cake come the fall, i have nude fo news for news for you, democrats and republicans are equally to blame. They are both a big giver to the republican and democratic party. This is does not smell good. Charles that is an issue i want to ask but export, import, boeing has been largest recipient of help overall, you hear people who argue for it say it helps Small Businesses, if feel like they get to this amazing preferential treatment they dont need then these deals happen. Yeah, i think that this gives us a flavor, charles for what is to come if clinton enters the white house, this january. This type of crony capitalism, thigh types of deals these types of deals helping to put a floor under the big of players in corporate america. I think we should expect more of this same. And i think that we should put our hands up and say no more, the Small Business argument is a straw man. Charles you know, lisa, the thing, we have seen this over and over again. You know when you have a Large Corporation like boeing they give to both parties, we keep hearing outrage, and do you think that this cycle, this really vicious cyc of big business and washington, d. C. Going hand in hand at the expense of the public can that ever be broken . I dont, weve seen a lot of crony capitals with the Obama Administration just look at obamacare, what is interesting, thomas pickerring also worked for Clinton Administration. There is a time there is highended focus, and scrutiny on Hillary Clinton, you get Something Like a deal that Hillary Clinton, approved, which gave russia ownership of 20 of u. S. Uranium assets. Guess what 9 shareholders have given over millions to clinton foundation. Big donors, Hillary Clinton got special clearance issue put him on intelligence board, he has done nothing in the feel, you look at the shady connects. And Hillary Clinton herself, and i think this is ironic that this guy as well had formerly worked for the Clinton Administration and has that connection. Charles you know there has been so many of them, danielle. I just want to add to irony, he had his hands on the benghazi situation, this is National Security, and corporate interest coming before that, you dont want to see these headlines 92 people make this kind of money while working for government as socalled Government Servants is despicable. Thank you. Charles thank you. Charles coming up, major rally, ending session highs, where do we did from here . Ill tell you, and i have a couple of stock ideas for you too. The heirloom tomato. Intenselyflavored. Colorfullydiverse. Beautifullymisshapen. Cultivated for generations, its the unexpected hero of any dish. When you cook with incredible ingredients. You make incredible meals. Fresh ingredients. Stepbysteprecipes. Delivered to your door. Get your first two meals free blueapron. Com cook. Perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Charles market meandered all weeklong it was clear it was looking for a catalyst. Instead of waiting for the outcome of brexit vote, voters jumped in. I dont think that todays action was a wild hunch, much has been made of back and forth, for me is was surge in british pound sterling. Tod todays market moved put s p 500 in a mayor break out. A lot of people have been pessimistic about this not me. Your key number is move above close above 2130, market fell to break out on closing basis we could have backed down to diagram of range. Weve done it before. The market has right now something for everyone. On housing side, shortage is real. Conservative investors should consider materials. Doing well, it has more room up. Restaurant names, they should move meyer, shake shack, i think that worse is behind them. Also, technology, coming to life, a solid. , twilio thing it popped 92 in its debut. Amazon probably on its way to a thousand. As we begin the next leg of the rally, if it begins tomorrow. I have a short squeeze report. Go there right now, get it for free, a 3 page report, with three ideas. Coming up, one of the Baltimore Police officers involved in freddie gray case has been found not guilty. He is the third one. We are in world where police are coming under greater scrutiny, not just from criminals but politicians, stopping them from doing their jobs, were talking about the war on cops next. Charles a baltimore judge found the officer driving the van that was carrying freddie gray not guilty. In last year, police quad nationwide have been under scrutiny, and maybe found guilty in a court of public opinion. Heather thank you for joining the show, a couple different narratives out there, depends on where you get your media, on one side, the cops waging a war on innercities on other side, increasingly where police cant do their jobs, as a consequence everyone is more unsafe. Absolutely, i prefer narrative that i hear when i go to Police Community meetings in high crime areas, i hear from good law abiding residents, i want more cops, arrest the dealers they are back on corners, there are kids hanging out on my stoop, selling, smoking marijuana, i am scared to go outside, there is a Strong Demand in high crime areas for more policing not less, those people are never heard in mainstream media. Charles i grew up in a neighborhood like that, it is hard because you have police there and beat cops be but hard to have citizen involved because, if you drop a dime on someone they get arrested they are back on the street, two days later, you and your family are in jeopardy, it is not just police and citizens but the legal system that is letting everyone down. Now the no snitch ethic is exacerbate by this anticop rhetoric that president obama on down has been fostering that is under cutting legitimacy police, cops now face unbelieve able hostility and sometimes violence when they enact their lawful duties on the street, they are not cooperated there is so much antitip these an tip stirred up with black lives matter. They want to be safe, they want police officers, there is a war on cop, it is not between the people and police, but politically collect politicians who created politically correct policies that abandoned Minority Community and abandons believed, i have shared the way you respond it through ballot box, you have to help get rid of politicians who are more interested in their own political future, than in the people. Charles what do you think . I am from chicago, i grew up in a area where there was often crime, and we needed police, where we lived. They would come, they were helpful they tried to get rid of thed about guys you bad guys. Overwhelming majority are very good people, and with the freddie gray case we saw with mosby, she wanted to make a name for herself, she overcharged case, and wanted to be a victor to the Africanamerican Community that was whole point of her doing what she did in my opinion. Charles in last 20 years, about 100,000 black people left chicago, those who could afford to get out bu who condition they are stuck in the vicious take element now everyone is a victim, and the cops can not come do the rescue. When police back off in high crime areas, live are lost, black lives are lost and not a peep of protest from the black live matter protests that are the cause of what i call the ferguson effect. Charles thank you for watching. Remember the brexit coverage starts right now. Lou i am lou dobbs, Supreme Court today blocked president obamas effort to grant amnesty to as many as 5 million Illegal Immigrants, to block their deportation, Supreme Court justice deadline 4 to 4 on whether president has authority to spare Illegal Immigrants from deportation. Ruling leaves in place, a lower court ruling, original ruling that blocked Obama Amnesty fiat, among our guest. Our favoritet
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